Lock

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Lock

Used in the context of general equities. Make a market both ways (bid andoffer) either on the bid, offering, or an in-between price only. Locking on the offering occurs to attract a seller, since the trader is willing to pay (and ask) the offering side when others only ask it. Locking on the bid side attracts buyers for similar reasons. Typically, the sell side requires a plus tick to comply with short sale rules.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
References in periodicals archive ?
They were unsuccessful and nothing was stolen but police are reminding the public to do everything they can to help prevent burglaries, including locking away tools.
REGARDING the sentence given to young mum Kellie Armer for the death of her baby (`Mum is jailed' ECHO June 30), I am no do-gooder with fancy ideas about criminals and justice and I am a mother of two drug addicts, but in my opinion this girl is not a criminal who needs locking away.
The guidance includes locking away as much as possible and leaving no cash on company premises.